The time it takes to complete a procedure from start to finish is referred to as lead time. Businesses in project management, manufacturing, and supply chain management evaluate lead times at the beginning, middle, and end of the process.
Odoo 17 has several sorts of lead times, including customer lead time, vendor lead time, and manufacturing lead time, as well as security lead times for each to account for any potential delays or problems.
In this blog, we will go over how to arrange vendor and security lead times for purchase receipts in Odoo 17.
Vendor Lead Time in Odoo 17
Vendor lead time is the number of days between when we place an order and when the items arrive in our inventory. By correctly calculating the purchase lead time, we can accurately provide our customers with the correct date for the item’s receipt.
Alternatively, if we are manufacturing a product and its raw materials must be delivered from the vendor, we can decide when to begin the manufacturing process after receiving the raw materials.
When a customer confirms a sales order with an organization, the product must be delivered on time to ensure customer satisfaction. Similarly, to ensure the company’s pleasure, vendors must deliver the product on schedule.
To ensure timely receipt, we can configure the vendor lead time in Odoo 17. For instance, if we confirm a buy order on the first of a month and the vendor lead time is specified as ten days, the product will be delivered on the eleventh of that month, i.e. The order was confirmed ten days later.
So let’s take a look at how to configure the vendor lead time for a product in Odoo 17.
For this, go to purchase app --> Products --> Products.
Choose a product, and on the purchase tab of the product form, enter the vendor, price, and currency. We also have the option of including the ‘delivery lead time’ for the product for that specific vendor. Delivery lead time is sometimes referred to as vendor or buy lead time.
Sometimes the delivery lead time option does not appear. In that situation, we can select the option symbol on the right to get the delivery lead time option.
From there, we can select the delivery lead time option, which will appear under the product form’s purchase tab.
We can provide a 10-day delivery lead time for the Acoustic Bloc Screens product to the vendor wood corner.
Let us now submit a request for a quotation for the Acoustic Bloc Screens product from the vendor Wood Corner. To do so, go to Orders --> Request a Quotation.
We will be led to the Request for Quotation page, where we can view all of the RFQs that have been created, as well as their status.
From there, click the New button in the upper left corner to start a new form for creating an RFQ. We can enter all important information, such as vendor, product, and quantity, and then click the confirm order button to confirm the RFQ.
As we add the vendor and product, the price will be automatically calculated from the vendor price list, and the projected delivery date will be updated.
We’ll observe that the expected arrival date is set to 10 days following the order confirmation date. Those 10 days are specified in the product form as the vendor lead time for that specific product.
So this is how we can configure the vendor lead time in Odoo 17 to improve the efficiency of the vendor’s item delivery process and the time frame for all other connected activities.
Lead Time for Security Purchases in Odoo 17
Security lead time for Odoo 17 purchase allows you to add extra days to the projected arrival date to account for any unexpected vendor delays that may develop.
As a result, the deadline for requesting estimates will be set many days in advance. For instance, if the order is expected to be received on May 13th, and the security lead time for purchase is three days, the deadline for obtaining the items from the vendor will be May 16th, three days earlier.
To set the security lead time for purchases, go to inventory --> Configuration --> Settings.
Enable the security lead time for the purchase option, and then specify how many days we have to shift the scheduled arrival date forward and save it. Here, we gave it three days.
Then, create a request for quotation for the product Acoustic Bloc Screens from the vendor wood corner, with a vendor lead time of 10 days.
Go to Orders -> Request a Quote. We will be led to the Request for Quotation page, where we can view all of the RFQs that have been created, as well as their status.
From there, click the New button in the upper left corner to start a new form for creating an RFQ. We can enter all the essential information, such as vendor, product, and quantity, and then click the Confirm Order button to confirm the RFQ.
As we have specified a delivery lead time of 10 days, as shown in the screenshot below, the scheduled date is May 13th. Additionally, the deadline for obtaining the product has been accelerated by 3 days because of the security lead time for purchase, which in this case is 3 days. Thus, May 16th will be the deadline.
So, in this blog, we've seen how to manage vendor lead time and security lead time for purchases in Odoo 17, as well as how to schedule item receipts from vendors.
Managing vendor lead time properly allows us to schedule the receiving of things from our vendors as well as organize the manufacturing, selling, and delivery operations in Odoo 17.
